Increasing technological advancements in navigation systems, emerging economies in developing nations, and adoption of next-generation aircrafts are driving the growth of the market. Moreover, requirement for real time data and emergence of new players could also fuel the growth of the market. However, unstable economic problems and growing cyber threats could hinder the growth of the market. Desire for glass cockpits and untapped markets could provide an opportunity for this market.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

The primary driver augmenting the global commercial avionics systems market is the growing demand for systems that can calculate real time data for the aviation industry. The overall impact of this demand is expected to be very high over the coming years and is expected to mold the market to its specific way.

Another driver for the global commercial avionics systems market is the rate at which the aviation industry is evolving within the developed economies of North America and Europe. They are giving a much larger room for improvements and development to players from the global commercial avionics systems market than other regions.

The market is also benefitting from other technological advancements in aviation such as the modern glass cockpit and the use of better in-flight entertainment systems.

However, the global commercial avionics systems market is currently being restricted by the reluctance of players to engage in larger activities due to the high costs of system maintenance. The use of modern commercial avionics systems also makes aviation vehicles more susceptible to online hacks.

On the basis of geography, the global commercial avionics systems market is categorized into North America, Europe, Asia Pacific, and the rest of the world. Last year, North America led the global commercial avionics systems market in terms of revenue generation and demand growth rate, followed by Europe. Both regions attribute a healthy market for commercial avionics systems to the recent rates of improvements in economy as well as a high level of acceptance for modern technology.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s avionics market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.